Get up to a $200 welcome bonus when you open an Axos Bank business checking account. New businesses can claim a $200 bonus when using Axos promo code NEWBIZ200 while established business will receive a $100 bonus when using Axos promo code NEWAXOSBIZ.
Full details of this business checking bonus from Axos Bank below!
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What is Axos Bank?
Axos Bank is a full-service online bank known for its high-yield savings accounts. This popular online bank, originally named Bank of Internet USA when it was founded in 2000, rebranded in 2018 and changed to its current name.
Although more known for their consumer banking products, Axos Bank has a burgeoning business portfolio that offers business checking, business savings, business money market, business CDs, and SBA loans.
As an incentive to try out their business banking products, Axos Bank is offering a bonus up to $200 when you open and fund a new Axos Bank Business Checking account!
Axos Bank Business Checking Offer – Up to $200 Bonus
Axos Bank is offering new business owners a $200 welcome bonus and established businesses a $100 welcome bonus when they open a new Axos Bank Basic Business Checking account with deposits totaling $2,500 or more.
- If you opened your business after June 1, 2020, Axos Bank will deposit a $200 bonus to your new business bank account. Use promo code NEWBIZ200 on your application.
- Not a new business? Axos Bank will deposit a $100 bonus to your new business bank account. Use promo code NEWAXOSBIZ for a $100 bonus.
How To Claim Bonus:
- Open a Axos Bank Basic Business Checking account in this link.
- Deposit $2,500 or more into your new business checking account.
- Maintain an average daily balance of $2,500 or more in the first two months after account opening.
- Receive a $100 or $200 bonus deposited into your business checking account within 5 business days of your statement cycle date.
$200 Axos Bank Business Checking Offer Details
Household Limit: None
Direct Deposit Required: No
Soft/Hard Pull: Soft
Early Account Termination Fee: Must keep the account open for 180 days or an early closure fee of $50 may apply
Offer Terms & Conditions
- In the first two months after account opening, the average daily balance of the account must be at least $2,500 in order to qualify for the bonus.
- Bonus will be deposited into your new account within 5 business days of your statement cycle date.
- Account must remain open for 180 days or an early closure fee of $50 may apply.
- Bonus may be taxable and reported on IRS Form 1099-MISC.
- Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
- Must be new funds to receive bonus credit. NOTE: “New Funds” is defined as funds that did not originate from another Axos Bank brand account.
There are no monthly maintenance or service fees for the Basic Business Checking account.
The Bottom Line
This is a straightforward promo with no direct deposit requirements and a decent sign-up bonus.
Like other business bank account bonus offers, you don’t need to be an incorporated company to be eligible for this promotion. Sole proprietors (unincorporated business) and single-member LLCs are also eligible. That means those who have a side hustle, sell stuff online, or drive for Uber can all open an account.
Here’s the entire list of best bank bonuses.